Rating outlook remains negative as credit fundamentals weaken
Firm posts $154.4-million loss as investors exit balanced funds, cash-like products
Firm announces bid to repurchase up to $85 million of its shares
CIO Marc-André Lewis will become co-head of CI Global Asset Management as of Jan. 1
The firm also saw net outflows of $465 million across its entire asset management segment
The acquisition adds to CI's ultra-high-net-worth business
Toronto-based firm sold 20% stake in U.S. business in May
Proceeds of $1.34-billion deal will pay down debt
Money-market ETFs gained nearly $1.4 billion while technology, commodities and crypto saw redemptions
MacAlpine declined to provide the share of the U.S. business it would spin off